Sunday, September 28, 2008

How Democrats Created the Financial Crisis

AC W: "Francis, ever heard of Sarbanes-Oxley?"

Yes I have heard of SARBANES-OXLEY. And my name is not Francis. But it would be appropriate for you to change your name to FRANCIS.

I know this is REALLY DENSE READING, and AC W (Alternating Current + Waterboarding) will likely fall asleep doing so, but those who want to understand why he only tells half the story will enjoy it.

On Friday, September 26, 2008, CHRISTOPHER COX said: The last six months have made it abundantly clear that voluntary regulation does not work.

AC W (Air Conditioning + Waffles), DUDE! They let companies decide to opt-in or opt-out of supervision voluntarily. They let companies effectively decide IF THEY WANTED TO OBEY THE LAW! Now do you know why I'm screaming: YOU HAVE S**T FOR BRAINS!

Bloomberg Article: How the Democrats Created the Financial Crisis

Comments: Post a Comment

Subscribe to Post Comments [Atom]





<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]